Broadcom (AVGO) Cash Flow: Operating & Free Cash Flow

Broadcom (AVGO) Cash Flow Statement

In fiscal 2025 (fiscal year ended Nov 2, 2025), Broadcom generated $27.54B of operating cash flow and spent $623.00M on capital expenditures. That left free cash flow of $26.91B, up 38.6% from $19.41B a year earlier, or 42.1% of revenue. It returned $17.45B to shareholders through $11.14B in dividends and $6.31B in share buybacks.

Broadcom Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Broadcom Inc. (AVGO) - Annual data in billions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Oct 2025	Nov 2024	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Operating Activities
Net Income	23.13	23.13	5.90	5.90	14.08	11.50	6.74	2.96	2.72	12.61	1.89
Depreciation & Amortization	8.78	8.78	10.01	10.01	3.84	4.98	6.04	6.91	5.81	4.08	4.74
Deferred Income Tax	-	-4.01	-	1.97	-0.50	-0.03	-0.81	-1.14	-0.93	-8.27	-0.17
Stock Based Compensation	7.57	7.57	5.74	5.74	2.17	1.53	1.70	1.98	2.19	1.23	0.92
Change in Working Capital	-8.50	-8.50	-4.64	-4.64	-1.64	-1.65	-0.13	1.09	-0.18	-0.83	-0.74
Change in Accounts Receivable	-2.72	-2.72	2.33	2.33	-0.19	-0.87	0.21	0.98	0.49	-0.65	-0.27
Change in Inventory	-0.51	-0.51	0.15	0.15	0.03	-0.63	-0.29	-0.03	0.25	0.42	-0.04
Change in Accounts Payable	-0.12	-0.12	0.12	0.12	0.21	-0.08	0.24	0.00	-0.04	-0.33	-0.10
Change in Other Working Capital	-5.46	0.44	-7.31	0.83	-1.69	-0.08	-0.47	0.15	-0.88	-0.27	-0.33
Other Operating Activities	-3.43	0.44	2.95	0.83	0.14	0.41	-0.59	0.27	0.10	0.06	-0.09
Net Cash from Operating Activities	27.54	27.54	19.96	19.96	18.09	16.74	13.76	12.06	9.70	8.88	6.55
Investing Activities
Capital Expenditures	-0.62	-0.62	-0.55	-0.55	-0.45	-0.42	-0.44	-0.46	-0.43	-0.64	-1.07
Acquisitions	-	0.00	-25.98	-25.98	-0.05	-0.25	-0.01	-10.65	-15.08	-4.03	-0.03
Purchases of Investments	-0.60	-0.60	-0.18	-0.18	-0.35	-0.20	0.17	0.00	0.00	-0.25	-0.21
Sales/Maturities of Investments	0.25	0.25	0.16	0.16	0.23	0.20	0.17	0.00	0.01	0.05	0.20
Other Investing Activities	0.09	0.39	-0.01	3.48	-0.07	0.00	-0.01	0.01	0.09	0.18	0.43
Net Cash from Investing Activities	-0.58	-0.58	-23.07	-23.07	-0.69	-0.67	-0.25	-11.11	-15.42	-4.67	-0.67
Financing Activities
Debt Repayment	-18.48	-18.48	-19.61	-19.61	-0.40	-0.43	-11.50	7.70	13.23	-0.97	3.72
Common Stock Issued	0.22	0.22	0.19	0.19	0.12	0.11	0.17	0.28	0.25	0.16	0.26
Common Stock Repurchased	-6.31	-6.31	-12.39	-12.39	-7.69	-8.46	-1.30	-0.77	-6.41	-7.26	0.00
Dividends Paid	-11.14	-11.14	-9.81	-9.81	-7.65	-7.03	-6.21	-5.53	-4.24	-3.00	-1.65
Other Financing Activities	-0.08	-0.08	-0.06	-0.06	-0.01	-0.02	-0.04	-0.07	3.64	-0.05	-0.09
Net Cash from Financing Activities	-20.13	-20.13	-1.73	-1.73	-15.62	-15.82	-8.97	1.61	6.49	-11.12	2.23
Summary
Net Change in Cash	6.83	6.83	-4.84	-4.84	1.77	0.25	4.55	2.56	0.76	-6.91	8.11
Cash at Beginning of Period	-	9.35	-	14.19	12.42	12.16	7.62	5.06	4.29	11.20	3.10
Cash at End of Period	-	16.18	-	9.35	14.19	12.42	12.16	7.62	5.06	4.29	11.20
Free Cash Flow	26.91	26.91	19.41	19.41	17.63	16.31	13.32	11.60	9.27	8.25	5.48
Supplemental Disclosures
Interest Paid	2.67	-	3.25	-	1.50	1.39	1.57	-	-	-	-
Income Taxes Paid	2.59	-	3.16	-	1.78	0.91	0.78	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 2, 2026. Data sources and methodology

Frequently Asked Questions About Broadcom Cash Flow

What is Broadcom's free cash flow?

Broadcom generated free cash flow of $26.91B in fiscal 2025 (fiscal year ended Nov 2, 2025), operating cash flow of $27.54B minus $623.00M of capital expenditures. That was up 38.6% from $19.41B a year earlier. Free cash flow equaled 42.1% of revenue.

How much does Broadcom spend on capital expenditures?

Broadcom spent $623.00M on capital expenditures in fiscal 2025, compared with $548.00M a year earlier. That equals 2.3% of operating cash flow.

Does Broadcom pay dividends or buy back shares?

Yes. In fiscal 2025 Broadcom returned $11.14B in dividends and $6.31B in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition